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he emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the world?s middle class resides in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Distinguished economist Surjit S. Bhalla?s The New Wealth of Nations offers a short answer?the spread of education.The New Wealth Of Nations
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